By Admin 
WWORK INDIA IPO: Wework India has prepared to list the Indian stock market. If the investors will be able to claim the IPO of this company of the Koving Space Segment from October 3 to 7, then the same anchor will be the day of subscription for investors on 1 October. WWORK INDIA will try to raise Rs 3000 crore from the primary market. However, the company has not yet announced the price band.
According to the Red Herring Prospectus (RHP), the Initious share sale of VWWC India is a complete offer for sale, that is, the company will not get any capital from the listing. Current investors will sell a stake of up to 4.63 percent. Which means that no work can be done for the growth of the company with the money collected from the IPO.
Objective is to increase visibility
According to the draft document, Vwork India is bringing an IPO so that it can get its equity share listed on the stock exchange. The company believes that the listing will make its visibility more and the current shareholders will get liquidity. The company has said that by doing this, a public market for its stock will also be set up in India.
Were Global invested $ 100 million in 2021 in its Indian unit, after which the company raised a fund of Rs 500 crore in 2024. Currently, the company operates in Bengaluru, Pune, Hyderabad, Noida, Mumbai, Gurugram, Delhi and Chennai.
What does Vwork India do
Were India is one of the major companies providing premium flexible workpace in India. Which has contributed significantly to the growth of the country’s flexible workspace sector. The company provides workspace solution for all kinds of needs. Startups, large companies or medium enterprises are all varch clients.
Currently, Vwork India manages an area of 77 lakh square fit, of which about 70 lakh square feet of space is currently operational. The company has a desk capacity of 1.03 lakhs. Were is currently a team of 500 employees. The company will list its shares on BSE and NSE.
There is no boom in the gray market
According to Investors Gain Caletest data, the company’s shares in the gray market are doing flat trades of zero rupees.
Disclaimer: (The information provided here is being given only for information. It is necessary to tell here that the investment in the market is subject to risks. Always consult expert before investing as an investor. Abplive.com is never advised to invest money here.)
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